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US average mortgage rates at 7-year highs; 30-year 4.66 pct.

Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.66 percent, up from 4.61 percent last week. Pushing toward the significant 5 percent level, the new average benchmark rate was the highest since May 5, 2011. By contrast, the 30-year rate averaged 3.95 percent a year ago.

BE MINE: Maker of candy hearts, Necco Wafers sold at auction

"They're a crowd favorite," said Chris Baker, who sells Necco candies at his Old Country Store & Emporium in Mansfield, Massachusetts. "I like to see our traditions continue. Any time we lose one, it's a loss for all of us. And this is something that everybody's had a million times."

Kroger buys Home Chef to take bigger bite of meal-kit market

Home Chef, like other meal-kit companies, sends a box of ingredients and recipes to its subscribers' doorsteps. Kroger will pay $200 million for Chicago-based Home Chef, and may pay an additional $500 million over five years if sales reach certain milestones. Kroger plans to put Home Chef kits in its supermarkets.

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